6. Car Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2013, with payment of 10 million Korean won to be received on January 15, 2014. The following exchange rates applied:

Spot rate:

December 16, 2013 .00092

December 31, 2013 .00090

January 15, 2014 .00095

Forward rate:

December 16, 2013 .00098

December 31, 2013 .00093

January 15, 2014 .00095

Assuming a forward contract was entered into, how would the forward contract be reflected on Car's December 31, 2013 balance sheet?

A) Foreign currency (liability).

B) Forward contract (asset).

C) Foreign currency (asset).

D) Forward contract (liability).

F) Foreign exchange (liability).